Global Blockchain Acquisition Corp. Announces Redemption of Public Shares and Subsequent Dissolution
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Orlando, Fla., April 09, 2025 (GLOBE NEWSWIRE) -- Global Blockchain Acquisition Corp. (the "Company”) (Nasdaq: GBBK) today announced that it will cease its operations as of April 14, 2025 (the first business day following the end of the business combination period, the "Record Date”), and as promptly as reasonably possible but not more than ten business days thereafter, will redeem all of its outstanding shares of common stock that were included in the units issued in its initial public offering (the "public shares”), effective as of the close of business on the Record Date, as the Company will not consummate an initial business combination on or prior to April 12, 2025.Pursuant to the Amended and Restated Certificate of Incorporation, if the Company does not complete its initial business combination by April 12, 2025 (subject to the Board's election to contribute funds to the trust account in order to extend monthly), then the Company will: (i) cease all operations except for the purp...